Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.19.3
REVENUE RECOGNITION (Tables)
9 Months Ended
Nov. 02, 2019
REVENUE RECOGNITION  
Schedule of gift card liability

The gift card liability is included in accrued liabilities and other in the consolidated balance sheets. The following table includes activity related to gift cards (in thousands):

13 Weeks Ended

39 Weeks Ended

November 2,

November 3,

November 2,

November 3,

2019

2018

2019

2018

Balance at beginning of period

$

55,764

$

50,513

$

61,071

$

56,729

Issuance of gift cards

11,878

12,275

36,343

37,552

Revenue recognized (1)

(12,300)

(12,592)

(41,715)

(42,193)

Gift card breakage

(724)

(758)

(1,081)

(2,650)

Balance at end of period

$

54,618

$

49,438

$

54,618

$

49,438

(1) Revenue recognized from the beginning liability during the third quarters of fiscal 2019 and fiscal 2018 totaled $6.9 million and $7.1 million, respectively. Revenue recognized from the beginning liability during the first nine months of fiscal 2019 and fiscal 2018 totaled $19.4 million and $19.7 million, respectively.